PNC Financial Services Group Inc. lowered its stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 7.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 546,154 shares of the utilities provider’s stock after selling 43,545 shares during the period. PNC Financial Services Group Inc.’s holdings in American Water Works were worth $71,273,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AWK. Salomon & Ludwin LLC lifted its stake in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after buying an additional 81 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in American Water Works in the 3rd quarter valued at approximately $27,000. Cloud Capital Management LLC purchased a new stake in American Water Works in the 3rd quarter valued at approximately $29,000. Westfuller Advisors LLC purchased a new stake in American Water Works in the 3rd quarter valued at approximately $33,000. Finally, Midwest Capital Advisors LLC purchased a new stake in American Water Works in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AWK. Truist Financial began coverage on American Water Works in a research note on Tuesday, April 21st. They issued a “hold” rating and a $137.00 target price on the stock. Wells Fargo & Company set a $131.00 target price on American Water Works in a research note on Tuesday, April 21st. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. UBS Group reduced their target price on American Water Works from $149.00 to $137.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, Bank of America cut their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $138.56.
American Water Works Trading Up 1.2%
Shares of AWK opened at $123.89 on Friday. The stock has a fifty day moving average of $132.62 and a two-hundred day moving average of $131.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The company has a market capitalization of $24.19 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. American Water Works Company, Inc. has a fifty-two week low of $121.28 and a fifty-two week high of $147.87.
American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 12th. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is currently 63.48%.
American Water Works Company Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
Featured Stories
- Five stocks we like better than American Water Works
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
